IFS event: Major economic challenges: Demographics
22 September 2021, 3:30 pm–4:45 pm
"Aging, and aging in good health are good news, indeed major societal achievements. Yet, they require adjustments in the way life is organized, the main one being maintaining the right balance between work and retirement. To keep the retirement system in balance, a longer life expectancy requires either a decrease in benefits, or an increase in contributions, or else a higher retirement age." -The Major Future Economic Challenges
The authors of this chapter of the report, Axel Börsch-Supan, Director of the Max Planck Institute for Social Law and Social Policy, Claudia Diehl, Professor of Sociology and Co-Speaker of the Cluster of Excellence "The Politics of Inequality", and Carol Propper, Professor of Economics at the Imperial College Business School, will present their proposals for a transparent and redistributive pension system, but also one that allows for individual flexibility and takes into account painful working conditions. They will then be joined by James Banks (IFS) and Lucinda Platt (LSE) to discuss how these proposals apply to the UK, and to answer your questions on the topic.